Demo trading account in india
In case demo account is provided we can practice our trading in a simulated environment without losing real money. This will enable us to become good traders. I think its to do with setting up the necessary infrastructre. A demo account is similar to a live account in all ways except that all the trades, cash balance, positions are dummy. This would however incur quiet a cost, considering the efforts taken in setting up such a system. I think the reason it works in the US, is because of the maturity levels of both people and the markets.
It is illegal in most of parts of the world to trade on them including India. If you make a loss, they make a profit. To ensure you make demo trading account in india loss, they end up giving insane amounts of leverage, 1: A few ticks against you, and you go bust.
Give a fancy trading platform with fake money. The bet is that if you try the demo, you would probably transfer real money and start trading. Since there is no exchange API's and all, the cost of running such a platform is demo trading account in india low. Since there is cost to run it, we won't be offering it free of cost for more than a couple of weeks. Lots of foreign broking firms are providing demo account so that investors and traders can practice their trading skills.
If foreign brokers can provide then Indian brokers has to provide. Whatever maybe the cost at the end of the day your making the clients more professional rather than trading blindly. Sir, I am not a broker.
Nithin one more ans demo trading account in india be given on the question live feeds to Ninjatrader? Not looking any costly datas. Why do Indian Broking firms don't provide demo account? A demo environment can be setup in 2 ways: In essence, they are running a video game. How do you get people to try out this video game?
Even i had the same doubt. Demo trading account in india thanks for explaining it clearly….
In general, if you place your money in a trading account, youll want that entity to be regulated. To demo trading account in india regulated, the broker must follow specific rules and have a specific conduct when doing business. The license can be suspended if the financial authority finds out otherwise. It is an expensive process and brokers dont like spending money if they can find other ways to attract traders.